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Evolution Well Services has entered a long-term electric hydraulic fracturing contract on Jan. 11 with a Permian Basin operator to begin in fourth-quarter 2022. The contract will employ Evolution’s patented electric fracturing technology coupled with an innovative Simul-frac completions technique.
The electric fracturing technology will be fueled by 100% natural gas via aero-derivative turbines rather than conventional fleets that rely on diesel engines. By switching to a lower carbon fuel, the Evolution Well Services team will help reduce the GHG emissions required to complete wells in the Permian Basin. The contract highlights the operator’s focus on leveraging industry-leading technology to lower the emissions of its operations.
In addition to reducing the carbon footprint, the electric fleet is designed to provide a safer operation for the employees on the wellpad with roughly 50% less physical footprint on location and operations below 85db sound levels. The contract will also employ innovative high pressure hose technology that further minimizes the safety risks on pad and drives higher pumping efficiencies. With over six years of successful electric frac operating experience and two years of electric Simul-frac successes within Evolution, the teams are well-positioned to partner on continuous innovation within the completions industry.
“We could not be more excited that Evolution was chosen after an extensive, multi-year selection process. We look forward to providing high-efficiency, lower carbon, and safe Simul-frac operations for our new partners in the Permian Basin,” Steven Anderson, president and CEO of Evolution Well Services, said.
2024-02-19 - From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.
2024-01-19 - Guyana’s economy is expected to grow 34.3% in 2024, exceeding growth of 33% in 2023, as an Exxon Mobil Corp.-led consortium ramps up offshore oil production, according to Guyana’s finance minister Ashni K. Singh.
2023-12-13 - More investment is needed for PDVSA and Chevron to reach production levels seen before oil sanctions were first imposed in 2019.
2023-12-06 - Exxon Mobil plans to achieve $14 billion in earnings and cash flow growth between 2024 and 2027, anchored by production growth of at least 11% amid a continued focus on high-return, low-cost-of-supply, value-accretive investments.
2024-01-02 - Woodside Energy’s converted FPSO is expected to receive first oil from the offshore field in mid-2024.